National Bank of Canada FI Increases Position in Ambev S.A. (NYSE:ABEV)

National Bank of Canada FI increased its stake in shares of Ambev S.A. (NYSE:ABEV) by 91.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,812 shares of the company’s stock after buying an additional 22,323 shares during the quarter. National Bank of Canada FI’s holdings in Ambev were worth $114,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its position in Ambev by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company’s stock worth $104,688,000 after acquiring an additional 226,238 shares during the period. Renaissance Technologies LLC raised its stake in shares of Ambev by 27.7% during the second quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company’s stock worth $69,973,000 after purchasing an additional 7,412,395 shares during the last quarter. Seafarer Capital Partners LLC lifted its holdings in shares of Ambev by 6.3% during the third quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock worth $73,368,000 after purchasing an additional 1,770,000 shares during the period. Pzena Investment Management LLC grew its position in Ambev by 29.4% in the 2nd quarter. Pzena Investment Management LLC now owns 18,385,312 shares of the company’s stock valued at $37,690,000 after buying an additional 4,179,978 shares during the last quarter. Finally, Brandes Investment Partners LP increased its stake in Ambev by 23.9% in the 2nd quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company’s stock valued at $32,024,000 after buying an additional 2,982,621 shares during the period. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Stock Down 3.0 %

ABEV opened at $2.08 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. Ambev S.A. has a 12 month low of $2.01 and a 12 month high of $3.00. The stock has a market capitalization of $32.69 billion, a P/E ratio of 11.53, a P/E/G ratio of 6.67 and a beta of 1.05. The business has a 50 day simple moving average of $2.24 and a 200-day simple moving average of $2.23.

Ambev Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd will be issued a $0.0414 dividend. This represents a yield of 1.93%. The ex-dividend date is Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is currently 72.22%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Ambev in a research note on Friday, October 18th. They issued a “buy” rating for the company.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.